Silver

[Texas1911]

Just wanted to congratulate all of y'all out there holding onto some of this shiny stuff. It's now trading at almost 40 bucks an ounce....damn I'm good.

Better know when to hold em and when to sell em. Silver is getting massively inflated, it's on the same upward curve as oil a few years ago, and it will soon come back down to it's real market value. What you are riding on is a cloud of speculation, but if you can hold on long enough and sell quickly when you do reach that point, you'll make some cash.

That's the fun part of trading volatile commodities.

 

[Texan2]

People have realized that paper currency that is backed by nothing....can be worth nothing. Every fiat currency in the history of mankind has crashed when any PM that backs it is removed. I doubt we will ever see silver below $32 again.
And after oil surged a few years ago....it briefly fell and is right back up again.

Silver surged in the early 80's for a whole other reason than what we have going on right now.

Silver is a pretty safe place to be given the totatality of the circumstances right now.

My 2 cents....

 

[Texan2]

No. That would drive inflation. The cost of gold and silver are increasing because of an increase in demand.

Exactly... and we have inflation, despite what the Fed puts out. Fuel prices are up over 50% and food is up 40% over the past 12-18 months. The only thing holding inflation down on paper is housing prices being low.
The dollar is being devalued.
That AND the fact that demand is up is pushing prices.

 

[zembonez]

Without demand, the prices would drop immediately. Silver and Gold are being artificially inflated by speculation just like gasoline is.

 

[Texan2]

Without demand, the prices would drop immediately. Silver and Gold are being artificially inflated by speculation just like gasoline is.

I am not saying that speculation is not part of the equation. But the falling dollar also drives up the price.
But your point begs the question...why so much demand?

 

[zembonez]

I am not saying that speculation is not part of the equation. But the falling dollar also drives up the price.
But your point begs the question...why so much demand?

I think we are both right here.

Demand is certainly driven by instability in the world money market. When things are cruising along smoothly, demand softens and prices drop in precious metals. Given today's constant talk about possible collapses in the Euro, Dollar, as well as other currencies... no wonder people are looking for a better and safer investment.

 

[IXLR8]

I think that there is a lot of hoarding of precious metals going on. People are spending what they cannot afford in order to try and turn a profit. Sooner or later they will sell, either out of need, or out of greed. The price will drop.
Think of what happened to ammo last year. A finite supply, and a bunch of people that just plain hoarded us into a shortage. There are plenty of them selling at a loss now.

If you had the foresight to buy Silver last year then congrats! You made a wise decision.

One thing is certain, the government does not want you to hold any cash, or precious metals. The only profits to be made in large investments is the stock market. Someone is attempting to lure available cash reserves into stocks. I do not know what the reason is, but you can be sure that this time people will dump their stocks ASAP, and the freefall in value will hurt a lot of people.

My advice? Diversify your investments, and include commodities that have real value oil, metals, guns if you like. Do not count on any single hedge to carry you through.

Silver? It is far more plentiful than you can imagine, and the high prices will make lots of it available. Gold is much less plentiful, and a lot of value will fit in a small place. I am not sure where I would store silver bars, but gold bullion is very easy store.

I am sure that you know that you have to buy at least $1000.00 worth of precious metal for it to be considered an investment, and therefore sales tax free.

 

[Poink88]

My advice? Diversify your investments, and include commodities that have real value oil, metals, guns if you like. Do not count on any single hedge to carry you through.

Silver? It is far more plentiful than you can imagine, and the high prices will make lots of it available. Gold is much less plentiful, and a lot of value will fit in a small place. I am not sure where I would store silver bars, but gold bullion is very easy store.

And where did you get your info? The reserves are actually getting depleted since we are using more than what is being mined. It is also undervalued contrary to most posts and it is just adjusting to its proper value now.

One definite thing...dollar value is going down due to the massive and irresponsible printing of it...and everything will seem to cost more due to it.

 

[Eli]

I could have bought Silver Dollars (Morgans and Peace) for $19.95 retail 6 months ago. The same place is now buying for over $26 each. Brilliant Uncirculated ("BU") American silver coins are now available for 5% over melt because silver is so high!
By the way, if you want to buy or sell silver or gold, I have had very good luck with Houston Numismatic Exchange.

Eli

 

[Texan2]

My advice? Diversify your investments, and include commodities that have real value oil, metals, guns if you like. Do not count on any single hedge to carry you through.

Silver? It is far more plentiful than you can imagine, and the high prices will make lots of it available. Gold is much less plentiful, and a lot of value will fit in a small place. I am not sure where I would store silver bars, but gold bullion is very easy store.

I agree that being diversified is the way to go, but silver has a place as well as gold. its great to have a gold coin worth $1500, but what if you want to cash in $100 worth or $500?

 

[TexMex247]

When(or if) silver approaches $100/oz, then I might cash-in. Otherwise, it's a long-term investment for me. I have a feeling it will be going way up by the summer of 2012. That might be the time to dump it ???

 

[TrailDust]

Gold, silver, and multiple foreign reserve currencies.

 

[ZX9RCAM]

I agree that being diversified is the way to go, but silver has a place as well as gold. its great to have a gold coin worth $1500, but what if you want to cash in $100 worth or $500?

Yep.....that's why one needs both!

 

[IXLR8]

Yep.....that's why one needs both!

That is what the 1/2oz and 1/10oz gold coins are for....

 

[ZX9RCAM]

That is what the 1/2oz and 1/10oz gold coins are for....

Or sealed ingots, with weight & carat verified....

 

[TheDan]

Think of what happened to ammo last year. A finite supply, and a bunch of people that just plain hoarded us into a shortage. There are plenty of them selling at a loss now.

Why on earth would you sell ammo at a loss?? Just go shoot it! "Investing" in ammo, is kinda like investing in toilet paper. They are both consumables. It doesn't hurt to have as much as you can physically store, but you'll never make a significant profit off it unless we see total societal collapse.

 

[Texan2]

$46 and climbing.....

 

[zembonez]

It's gonna crash soon! Be ready boys.

 

[ROGER4314]

Nelson and Bunker Hunt did show us what the market price was all about in silver. They started buying and buying and buying and the price went up. The whole thing collapsed and the Hunt brothers were in trouble with the Feds. The point is that as folks BUY, the price will rise. When they stop buying, the price will fall. Whether you take a bath on the deal depends on when you get in and out. Just owning the silver is not a ticket to financial security. Just ask the Hunt Brothers. They got their butts pounded into the dirt then faced charges.

Flash

 

[Texan2]

You are correct, silver is not the ticket to financial security.

Hunt brothers and today is apples and oranges.